Feb. 20, 2018 – SharedLabs, Inc., one of Florida’s fastest growing companies specializing in enterprise technology services, today announced that it has closed on a $15 million-dollar asset-based financing line with a new senior secured creditor. The line of credit will enable SharedLabs to reduce its current cost of capital, have access to more capital to operate the business, and fuel the aggressive growth plans for FY 2018 as well as the expansion of its fast growing blockchain services business.

“As an industry, we’re just scratching the surface of how powerful blockchain and automation technologies can be when combined with the benefits of cloud and big data technologies,” said SharedLabs’ Chief Executive Officer Jason Cory. “Having the financial resources now available to us as we expand, and domain expertise we have built in our large digital ecosystem, should help us execute our vision even more rapidly and broadly – as we continue to leverage the experience, perspectives, and relationships we have as a leading technology provider.”